Garuda Construction IPO GMP, Price, Date, Allotment

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Last updated on October 3, 2024

Garuda Construction IPO Review
Garuda Construction IPO GMP

Garuda Construction IPO Description – Garuda Construction and Engineering is a burgeoning civil construction company. The company offers comprehensive civil construction services for residential, commercial, residential-cum-commercial, infrastructure, and industrial projects. Additionally, it provides services for infrastructure and hospitality projects. The company also offers operations and maintenance (O&M) services, Mechanical, Electrical, and Plumbing (MEP) services, and finishing works as part of its construction services.

As of May 2024, the company’s order book totals INR 1,408.27 crore. This includes 12 ongoing projects, with the following 7 projects each having a contract value exceeding 100 crores each. Due to the diverse locations of its projects in MMR, Punjab, Karnataka, New Delhi, Tamil Nadu, Rajasthan, and Arunachal Pradesh, it is challenging and impractical to move heavy equipment and machinery between these sites for project execution.

Garuda Construction IPO Allotment

Promoters of Garuda Construction and Engineering – Pravinkumar Brijendra Kumar Agarwal, PKH Ventures Limited, and Makindian Township Private Limited


Garuda Construction IPO Details

Garuda Construction IPO Dates8 – 10 October 2024
Garuda Construction Issue PriceINR 92 – 95 per share
Fresh issue1,83,00,000 shares (INR 168.36 – 173.85 crore)
Offer For Sale95,00,000 shares (INR 87.40 – 90.25 crore)
Total IPO size2,78,00,000 shares (INR 255.76 – 264.10 crore)
Minimum bid (lot size)157 shares (INR 14,915)
Face Value INR 5 per share
Retail Allocation35%
Listing OnNSE, BSE

Garuda Construction and Engineering Financial Performance

 FY 2022FY 2023FY 20241M FY 2025
Revenue77.02160.69154.1811.88
Expenses52.24105.94104.827.20
Net income18.7840.8036.443.50
Margin (%)24.3825.3923.6329.46
Figures in INR Crores unless specified otherwise

Garuda Construction and Engineering Offer News


Garuda Construction and Engineering Valuations & Margins

FY 2022FY 2023FY 2024
(Pre Issue)
FY 2024
(Post-Issue)*
EPS2.515.464.883.92
PE Ratio––18.86 – 19.4723.48 – 24.25
* Calculated on the basis of annualized Profits After Tax for FY 2024
FY 2022FY 2023FY 2024
RONW (%)44.9449.3830.62
NAV5.5911.0615.93
ROCE (%)40.4670.8546.69
EBITDA (%)35.2734.8532.49
Debt/Equity0.29––
*Compiled by IPO Central from Prospectus

Garuda Construction IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
Coming soon–––

Garuda Construction and Engineering IPO Objectives

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

  • Working Capital Requirement – INR 100 crore
  • General corporate purposes

Garuda Construction IPO Subscription – Live Updates

Coming soon


Garuda Construction and Engineering – Comparison With Listed Peers

CompanyPE ratioEPSRONW (%)NAV
Garuda Construction & Engineering23.48 – 24.253.9230.6215.93
PSP Projects20.0034.1617.73254.13
Capacite Infraprojects23.6116.099.35223.44
Vascon Engineers22.663.0511.3244.33
Ahluwalia Contracts (India)22.9755.9517.14238.84
B L Kashyap & Sons48.672.3313.3822.02

Garuda Construction IPO Allotment Status

Garuda Construction IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.


Garuda Construction IPO Dates & Listing Performance

IPO Opening Date8 October 2024
IPO Closing Date10 October 2024
Finalization of Basis of Allotment11 October 2024
Initiation of refunds14 October 2024
Transfer of shares to demat accounts14 October 2024
Garuda Construction IPO Listing Date15 October 2024
Opening Price on NSEComing soon
Closing Price on NSEComing soon

Garuda Construction IPO Reviews – Subscribe or Avoid?

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Garuda Construction and Engineering Offer Lead Manager

CORPWIS ADVISORS PRIVATE LIMITED
510, 5th Floor, Dilkap Chambers, Plot – A/7 Veera Desai Road,
Andheri (West), Mumbai, 400053 Maharashtra, INDIA
Phone: +91 22 4972 9990
Email: [email protected]
Website: www.corpwis.com


Garuda Construction and Engineering Offer Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in


Garuda Construction IPO Contact Details

GARUDA CONSTRUCTION AND ENGINEERING LIMITED
201, A Wing, Fortune 2000 C -3 Block, Bandra Kurla Complex,
Bandra (East), Mumbai 400 051, Maharashtra
Phone: +91 22 79635174
Email: [email protected]
Website: www.garduaconstructionengineering.com


Garuda Construction IPO FAQs

How many shares in the Garuda Construction IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply for Garuda Construction Public Offer?

The best way to apply for Garuda Construction’s public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Garuda Construction IPO GMP today?

Garuda Construction IPO GMP today is INR NA per share.

What is Garuda Construction’s kostak rate today?

Garuda Construction kostak rate today is INR NA per application.

What is Garuda Construction Subject to the Sauda rate today?

Garuda Construction Subject to Sauda rate today is INR NA per application.

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